Chicago October 18, 2010 -

Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Burnham + Company, Inc. (B+C), an Englewood Cliffs, New Jersey-based brokerage firm with approximately $4 million in annual revenues. In connection with this transaction, the B+C operations will become a part of Hub International Northeast Limited. B+C’s owner, Jeff Burnham, will report to Damian Testa, Hub Northeast’s President of New Jersey and Pennsylvania Operations, and Bruce Rector, Vice President, will report to John Tateossian, Vice President, Hub Northeast.

Originally founded in 1957 by Ronald Burnham, B+C serves both commercial and personal insurance clients. In 1972, B+C developed a national specialty in insurance for the elevator industry and, ever since, has been serving elevator clients directly and through their brokers on all lines of business. B+C will combine with Hub’s existing elevator group, JM Associates, operating as one unit serving the elevator industry.

“By joining forces with the talented staff at B+C, we are greatly enhancing Hub’s  commitment to providing quality coverage options to the elevator industry,” said Damian Testa. “Given B+C’s longevity and stellar reputation in serving this niche, they are a great fit for our organization.By combining their capabilities with our existing offerings through our JM Associates division, Hub will be able to offer the B+C and Hub clients the best value, coverage and service options available in the market.”

Headquartered in Chicago, Hub International Limited is a leading insurance brokerage providing a broad array of property, casualty, risk management, employee benefits, investment and wealth management products across North America. Hub is dedicated to helping businesses and individuals manage their insurance needs and plan for the unforeseen.  For more information, visit


Daniel Goldsmith
Hub International Limited
Chief Financial Officer
Phone: 312.279.4840

Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848

Source: HUB International Limited